BCguy,
I don't think it's that easy!! I have a pair of 1GM10's and yesterday removed a leaking
raw water pump to do essentially what you're suggesting.
Disassembly was easy. However, I'm still working on removing bits of the old seal as they did not pop out in one piece as previously mentioned in this thread. In addition, the pump was loaded with silt and some of it got into the seals. You guessed it.... grooved pump shaft.
I don't believe this is easy at all!!
Rick in Florida